Nuclear Powers Illinois. Reliable Energy, Jobs, and Clean Air for Illinois

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1 Nuclear Powers Illinois Reliable Energy, Jobs, and Clean Air for Illinois

2 About Exelon Generation Competitive Energy Sales Transmission and Delivery One of the largest U.S. competitive power generators 35,000 MW of owned capacity Largest U.S. nuclear fleet Diversified portfolio with 10 fuel sources, including hydro, wind and solar Retail and wholesale sales through Constellation More than 100,000 business and public sector customers Approximately 1 million residential and small business customers Three utilities delivering electricity and natural gas to more than 7.8 million customers: BGE in Maryland ComEd in Illinois PECO in Pennsylvania 1

3 Exelon s Nuclear Fleet Exelon Generation operates the largest fleet of commercialnuclear power plants in the nation with 23 nuclear reactors at 14 sites in six states 2

4 A Snapshot of Illinois Nuclear Facilities In Illinois, Exelon Generation operates 11 reactors at six plants - the largest generator of clean 24/7 power. Produces almost half (48%) of Illinois total electricity and 90% of its carbon free power US Energy Information Agency (May 21, 2013). United States Department of Energy

5 Driving Economic Growth Illinois nuclear plants are vital to the state and provide tremendous benefits to Illinois families and communities. These facilities : Employ 5,900 workers. Create more than 21,700 additional jobs in other industries in Illinois. Employ another 1,400 temporary workers for each Illinois plant refueling outage (4-5 a year). Pay more than $290 million in local and state taxes to fund schools, parks, libraries, first responders and other public necessities. Source: NEI, the Impact of Exelon s Nuclear Fleet on the Illinois Economy 4

6 Generating Reliable Power Illinois families, communities and businesses depend on the reliable electricity provided by its nuclear plants. Exelon s nuclear plants operate a 96% efficiency regardless of weather or time of day, going offline to refuel every months. This kind of reliable base-load output is not provided by any other always on generation source. U.S. Capacity Factors by Fuel Type (2013) 1 Average Capacity Percentage Nuclear energy is important to meeting our nation s energy needs 2013 National Nuclear Plant Neighbor Survey of Exelon s Illinois nuclear fleet, Bisconti Research Inc. Oil - 13% Gas (Steam Turbine) - 12% Solar - 24% Wind - 32% Hydro - 40% Coal - 59% Gas (Combined Cycle) - 50% Biomass - 67% Geothermal - 67% Nuclear - 91% Exelon Illinois Nuclear - 96% Source: Ventyx Velocity Suite / Energy Information Administration Updated: 4/14 5

7 Generating Clean Power Nuclear plants in Illinois provide emissions free power and will be critical to Illinois compliance with EPA s limits on carbon emissions. Nuclear plants run reliably with no carbon emissions. Wind and other solar resources are intermittent generators. In 2013, Exelon s Illinois nuclear plants produced 97,131 GWh of sustained electricity that s 10 times more electricity than all Illinois wind farms combined In 2013, all Illinois wind assets produced 9,602 GWh of intermittent electricity 6

8 An Unrivaled Environmental Asset for Illinois Nuclear plants in Illinois lead the nation in providing emissions free power and will be critical to Illinois compliance with EPA s limits on carbon emissions. New Environmental Protection Agency (EPA) proposed rules call for reductions in carbon emissions from existing power plants and encourage states, including Illinois, to adopt policies to discourage the loss of existing nuclear plants because of their environmental benefits. Closure of Illinois nuclear facilities will result in significant increases in carbon and other pollutants and making it difficult for Illinois to comply with these new rules. 7

9 Protecting the Environment Exelon s Illinois nuclear plants enhance and protect the environment with programs that have improved water quality and the health of habitats for fish, birds and other wildlife. Dresden Station has built more than 60 artificial nesting areas for osprey and purple martins on the site s property. Quad Cities Station is home to the only private fish hatchery on the Mississippi River, introducing more than 6 million game fish into the river. Braidwood Station s award-winning fish management initiative includes more than 500 artificial habitats deployed to create a thriving ecosystem. Exelon Nuclear protects the environment 2013 National Nuclear Plant Neighbor Survey of Exelon s Illinois nuclear fleet, Bisconti Research Inc. 8

10 Today s Challenge Illinois nuclear plants face a perfect storm of challenges that threaten their continued operation. Lack of fair compensation for zero carbon pollution characteristic Glut of natural gas production Counterproductive federal energy policies and market rules Billions of dollars in market-distorting federal subsidies Load growth that is down or flat Transmission constraints and lack of transmission investment Lack of fair compensation for always-on, reliable power 9 1 Electric Utility Cost Group 2 Source: UBS report, US Electric Utilities and IPPs, Jan. 2013; All-Hours Energy Forwards for 2015 delivery as of 6/28/13; Credit Suisse, Nuclear The Middle Age Dilemma, Feb. 2013

11 Challenges for Illinois Nuclear Fleet Three nuclear facilities are at-risk of closing prematurely, leading to significant economic and environmental consequences for our state. 10 Presentation Title

12 Challenges for Illinois Nuclear Fleet Three nuclear facilities are at-risk of closing prematurely, leading to significant economic and environmental consequences for our state. 11 Presentation Title

13 The Solution The Illinois Low Carbon Portfolio Standard The Low Carbon Portfolio Standard (LCPS) will preserve the state s existing low carbon energy sources and advance Illinois position as a clean energy leader. The LCPS would require all Illinois electric utilities to purchase a specified percentage of low carbon energy credits from energy sources that emit zero or low amounts of carbon dioxide. Low carbon energy sources include wind, solar, hydro, tidal, wave, clean coal, and nuclear. Beginning in 2016, the LCPS would require Illinois electric utilities to obtain low carbon energy credits to match an amount equal to 70% of the electricity used on the distribution system. The electric utilities would rely upon the Illinois Power Agency to develop an open, transparent, and competitive process to obtain low carbon energy credits. 12 Presentation Title

14 Benefits of the Illinois Low Carbon Portfolio Standard The LCPS is part of an all-of-the-above energy strategy that will help reduce carbon emissions and deliver benefits for the entire state. Here are the key benefits of establishing the LCPS: 13 Presentation Title

15 Benefits of the Illinois Low Carbon Portfolio Standard The LCPS is part of an all-of-the-above energy strategy that will help reduce carbon emissions and deliver benefits for the entire state. Here are the key benefits of establishing the LCPS: 14 Presentation Title

16 Benefits of the Illinois Low Carbon Portfolio Standard The LCPS is part of an all-of-the-above energy strategy that will help reduce carbon emissions and deliver benefits for the entire state. Here are the key benefits of establishing the LCPS: 15 Presentation Title

17 Campaign Tools Exelon launched Nuclear Powers Illinois, an advocacy campaign to support the state s existing nuclear facilities Learn more:

18 Thank You! Questions? 17